$7,700,000
SOLD JAN 31, 2024 RENTED AUG 14, 2024

1860 Old Natchez Trace Franklin, TN 37069

5 Beds
8 Baths
8,271 Sq Ft
14.72 Acres

Recently Sold

$931 Per Sq Ft

12% Below List Price

67 Days on Market

Highlights

  • Barn
  • In Ground Pool
  • Wood Flooring
  • Grassland Elementary School Rated A
  • Traditional Architecture
  • No HOA

About This Home

As of January 2024

A beautiful drive down historic Old Natchez Trace leads you to Southern Trace. A tree lined drive opens up to this beautiful PRIVATE EQUESTRIAN ESTATE. This luxury property sits on a pastoral14 flat acres tucked back off the road for privacy. A quintessential southern 5 bedroom(all en suite) home takes advantage of the lush outdoor views on every side of the home. The chef's kitchen has Thermador double ovens, twin Sub-Zero refrigerators, two dishwashers & a 10 ft Italian marble island great for gathering. This home has both a formal dining area & breakfast room & a light infused sunroom/lounge off of the great room. Entertain by the pool, harvest from your raised bed outdoor gardens, dine al-fresco at the outdoor dining area and enjoy a game at the bocce ball court or relax by the fire pit. There is also a seasonal pond in the rear of the property. The property has a one of a kind 60x200 ft.10 stall barn with loft/flex space above and a large 6,000 sq ft. indoor riding arena.

Last Agent to Sell the Property

Kristee Dickson

Onward Real Estate Brokerage Phone: 6157728488 License #359678 Listed on: 11/07/2023

Onward Real Estate

Last Buyer's Agent

NONMLS NONMLS

License #2211

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,367

Year Built

  • Built in 1993

Lot Details

  • 14.72 Acre Lot
  • Level Lot

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 8,271 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Interior Storage Closet
  • Crawl Space

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Covered patio or porch

Schools

  • Grassland Elementary School
  • Grassland Middle School
  • Franklin High School

Farming

  • Barn

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Southern Trace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 094038 00204 00006038

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,367

Year Built

Built in 1993

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1993
  • Unit Levels: One
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Attribution Contact: 6157728488
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets, Storage, Walk-In Closet(s), Primary Bedroom Main Floor, High Speed Internet
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Fireplace: No
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 5
  • Main Level Bedrooms: 1
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 8271
  • Building Area Units: Square Feet
  • Living Area: 8271
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Exterior Features: Barn(s), Garage Door Opener, Balcony
  • Construction Type: Brick
  • Patio And Porch Features: Covered Porch, Screened Patio
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Attached - Side, Circular Driveway
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Propane
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 14.72
  • Lot Size Units: Acres
  • Parcel #: 094038 00204 00006038
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 8367

MLS Schools

  • Elementary School: Grassland Elementary
  • High School: Franklin High School
  • Middle Or Junior School: Grassland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Jan 31, 2024
Sold by
Sanicola Family Revocable Living Trust
Bought by
Bat Shlomo Llc
Seller's Agent
Kristee Dickson
Onward Real Estate
Buyer's Agent
NONMLS NONMLS
List Price
$8,780,000
Sold Price
$7,700,000
Premium/Discount to List
-$1,080,000
-12.3%
Total Days on Market
67
Views
247
Current Estimated Value
$5,175,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,524,781
Avg. Annual Appreciation
-25.83%

Purchase Details

Closed on
Jan 12, 2022
Sold by
Sanicola Mark Frances and Sanicola Patricia Ann
Bought by
Sanicola Mark F and Sanicola Patricia A

Purchase Details

Closed on
Jun 14, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Sanicola Mark Frances and Sanicola Patricia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,079,500
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2011
Sold by
Fischer James M and Bank Of Nashville
Bought by
Mello Ralph W

Purchase Details

Closed on
Jun 23, 2011
Sold by
Fischer James M
Bought by
Dew James Chappell

Purchase Details

Closed on
Nov 12, 2004
Sold by
Oliver Gill Janis and Cummins Janis Oliver
Bought by
Fischer James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 1999
Sold by
Brooks Karon
Bought by
Oliver Gill Janis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 1, 1997
Sold by
Mitchell Larry M and Mitchell Catherine A
Bought by
Brooks Karon
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $7,700,000 Hale Title And Escrow
Deed -- Land Title
Interfamily Deed Transfer -- Bell Law Settlement Svcs
Special Warranty Deed $1,270,500 None Available
Trustee Deed $10,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $2,350,000 --
Warranty Deed $1,685,000 First Title & Escrow Co Inc
Warranty Deed $1,525,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 Credit Line Revolving
Previous Owner $1,500,000 New Conventional
Previous Owner $400,000 Credit Line Revolving
Previous Owner $1,079,500 Purchase Money Mortgage
Previous Owner $0 Unknown
Previous Owner $400,000 Construction
Previous Owner $1,500,000 Purchase Money Mortgage
Previous Owner $615,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2024 08/14/24 Rented -- -- --
08/01/2024 08/01/24 Rented -- -- --
08/01/2024 08/01/24 Under Contract -- -- --
05/13/2024 05/13/24 For Rent $13,900 +178.0% --
05/13/2024 05/13/24 For Rent $5,000 0.0% --
01/31/2024 01/31/24 Sold $7,700,000 -12.3% $931 / Sq Ft
01/14/2024 01/14/24 Pending -- -- --
11/07/2023 11/07/23 For Sale $8,780,000 -- $1,062 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,367 $445,050 $203,475 $241,575
2023 $8,367 $445,050 $203,475 $241,575
2022 $8,367 $445,050 $203,475 $241,575
2021 $8,367 $445,050 $203,475 $241,575
2020 $8,287 $373,300 $135,650 $237,650
2019 $8,287 $373,300 $135,650 $237,650
2018 $6,801 $373,300 $135,650 $237,650
2017 $6,801 $316,325 $36,125 $280,200
2016 $6,801 $316,325 $36,125 $280,200
2015 -- $315,550 $27,775 $287,775
2014 -- $315,550 $27,775 $287,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2588058

Realtracs

APN: 038-002.04